IRB Infrastructure gets Rs 2,300 crore road project in Haryana

IRB Infrastructure Developers Ltd has bagged a Rs 2,300-crore road project in Haryana from the National Highways Authority of India (NHAI).

In a press statement issued on May 7, the company said the project is for four-laning of Kaithal-Rajasthan border section of NH-152/65 from 33.250 km to 241.580 km in Haryana, and it will be executed as build-operate-transfer (BOT) on design-build-finance-operate-transfer pattern under NHDP-IV.

It received the Letter of Award after emerging as the selected bidder for the project, IRB Infrastructure said.

“The estimated project cost of the company is approximately Rs 2,300 crore with construction period of 910 days. The concession period for the same is 27 years,” the statement read.

This project will expand the company’s base in Haryana and thereby aid geographic diversification of projects, the company added.

Late last month, IRB had announced that it had won a Rs 3,200 crore project from NHAI in Maharashtra for four-laning of Yedeshi-Aurangabad section of NH-211 from 100 km to 290.20 km.

With today’s announcement, IRB’s construction order book will increase from Rs 8,600 crore to approximately Rs 10,600 crore, the company said, adding that the orders have to be executed in the next three to four years.

“This will boost the company’s construction order book visibility for next three to our year,” it added.

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